3D shares surge on news of triple deal

SHARES in Dundee-based 3D Diagnostic Imaging jumped nearly 8 per cent yesterday after it signed a hat-trick of distribution deals for its CarieScan tooth cavity detection device.

The machine will now go on sale in Australia, South Africa and south-east Asia, adding a further 60,000 potential customers.

AcuMed will distribute the product in Indonesia, Korea, Malaysia, Philippines, Singapore and Thailand, while Ivoclar Vivadent will sell it in Australia and Inter-Africa Dental in South Africa.

Graham Lay, 3D's chief executive, said: "Closing these distribution agreements is excellent news for the business. While we will continue to grow our distribution network, the focus of the business now moves to ensuring that we adequately support the training and in-service support needed as we work to initiate and grow sales in all territories."

The equipment is now on sale in 18 countries, including China, India, the UK and the United States. Last month, 3D unveiled a contract covering Belgium, Luxembourg and the Netherlands in the latest stage of its recovery from May's profits warning.

Shares in 3D closed up 0.12p or 7.7 per cent at 1.75p.